Speaking about the project’s bumper funding on Tuesday, Iovine said, ”Beats was always about helping people rediscover the magic in the experience of listening to music.

“Now that we are well along the way to addressing the quality of audio playback with Beats headphones and speakers, Daisy allows us to reintroduce the same magic into the process of music discovery and consumption,” he added, although a potential partnership with Apple wasn’t mentioned.

The upcoming service, which will be tightly knit into Google Play and the Android ecosystem, will apparently offer both free and paid-for subscription models.

YouTube seemed to confirm the rumors. A spokesperson said, “While we don’t comment on rumor or speculation, there are some content creators that think they would benefit from a subscription revenue stream in addition to ads, so we’re looking at that.”

The rumors on Apple’s talks with Beats aren’t so concrete, however, and the firm has yet to comment on the Reuters report. There’s also the factor that Beats’ already has a partnership with Android phone maker HTC, which as an Apple rival could stop a deal.